This Multifamily Property is no longer advertised on LoopNet.com.

160 N Claremont St
San Mateo, CA 94401
Multifamily Property For Sale · 5 Units

Investment Highlights

  • 5 Easy-to-Rent Units - Downtown San Mateo Location / Walk Score: 92
  • Reasonably Priced: $1,900,000 @ $380,000/Unit / Cost Per SF: $458/SF
  • Pro-Forma Cap Rate: 5.05% / Pro-Forma GRM: 12
  • Excellent Unit Mix: 3 BR/1 BA (1), 2 BR/1 BA (2), and 1 BR/1 BA Units (2)
  • Current Cap Rate: 4.32% / Current GRM: 13.2
  • Good Rental Upside: Potential to Increase Rents, Re-Tenant and Boost Rents and NOI

Property Facts

No. Units 5
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.14 AC
Building Size 4,610 SF
No. Stories 2
Year Built 1900
Zoning RM0004

Amenities

Unit Amenities

  • Kitchen
  • Tub/Shower

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 1 $2,500 570
2+1 2 $2,538 640
3+1 1 $2,250 1,050
1+1 1 $2,100 450

Property Taxes

Property Taxes

Parcel Number
032-304-230
Land Assessment
$35,554
Improvements Assessment
$116,036
Total Assessment
$151,590
  • Listing ID: 34478454

  • Date on Market: 1/14/2025

  • Last Updated:

  • Address: 160 N Claremont St, San Mateo, CA 94401

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